Blackrock Throgmorton Share Discussion Threads

[andycranleigh] 13/12/2024 15:11

It’s there now. 12.5%.

[spectoacc] 12/10/2022 07:44

Low costs, but is a c.5% discount enough for such a low-conviction IT? Looks like 3.3% is the largest holding (RS Group)?

We're clearly heading into turbulence/recession, I'd at least want a decent discount on it.

[lozzer69] 12/10/2022 07:39

Now more 50pc below ATH. The pain continues but I am starting to drip some money back in here.

[essentialinvestor] 14/6/2022 14:12

Still a few % above the recent May low.

[essentialinvestor] 19/5/2022 15:38

Hi Joe, bought 2 lots of 3i today and bought back some IMI I sold earlier on the week.


Unfortunately prudence does not always pay as sold 24,000 COA last week at 69.9,
around 78 pence was available for a time late yesterday - ouch!.

Really like COA longer term, thought China lock downs may have impacted their
manufacturing capacity, not the case.

Helical is 10% approx above my recent sell price.


Hopefully volatility throws up opportunities, good fortune.

[1nf3rn0] 19/5/2022 15:18

Well it's not hitting a new year low today which is a relief compared to many others. Decent results at Gamma today, one of the top holdings. I also topped up in that one directly.

[contrarian joe] 13/5/2022 14:24

Spec,agree with your last post,the signs were there last year in small cap growth stocks,very poor decision making,should of unloading some of their expensive stuff & substantially reduced gearing, you sometimes have to question there motive,were they being to aggressive chasing fees. Unfortunately they've undone all the good work they achieved over the years.

EI,that's pretty much how i see things,sell some stuff in strong rallies & buy in strong sell offs. Be fearful when others are greedy & greedy when others are fearful.

[spectoacc] 13/5/2022 13:38

Lol @EI.

Just looked through it, seems I have only LIO (bought this week) in common with them.

[essentialinvestor] 13/5/2022 13:10

Spec, when I saw ..an idiot's SIPP.. I thought will be holding a fair few of
these then!. Two it turns out, OXIG and YNGN. OXIG bought back in to this week.

As I'm dyslexic it may be more than 2 as it's a very long list!.


Joe, your above summary is bang on the money here, stuck it back on a watch list.


As per usual markets difficult to discern, are we looking at a protracted bear
market, which if so, should be punctuated by counter trend rallies. Or a very compressed
fall that reverses more quickly than consensus expects.

These days so much happens at 5 times your average speed.

[spectoacc] 12/5/2022 20:17

If anyone's interested, the list of all holdings as of 31st December is here:



Looks like an idiot's SIPP.

Guess it's the gearing, but going some to underperform the market when you largely seem to hold the market - concentrated it ain't. 74 holdings of 1% or less, basically a rounding error if one of them doubles.

Not a bad strategy for the managers tho - buy 100+ holdings, gear right up, then take 15% of any outperformance as a performance fee when the market's rising, and still get paid when, as now, it falls.

Want to like THRG, but the more I scratch the surface, the more I think it deserves a higher discount.

[spectoacc] 12/5/2022 15:26

Good call @contrarian Joe.

Is sobering reading the last Factsheet - to 31st March - where the NAV was 749p, share price 754p.

Today it's £5.50 share price and yesterday's NAV below £6.40 (& lower today, eg ATG off 5.7%).

Ability to short isn't helping them much, & nor is the gearing.

Not a holder - steer clear of ITs with performance fees. Performance is what you have a salary for.

[contrarian joe] 07/5/2022 21:10

Fell over 65% last recession over 18 months with a 15/20 discount,it's growth orientated portfolio has an excellent long term track record with low interest rates being a real driver.Negatives for me is the high gearing of the fund which is acting as a double whammy & the landscape of higher rates & inflation.Personally think it's to early to buy other than a short term trade until a clearer picture emerges with interest rates,can't argue the case for buying small lots on bad days over a period of time though.

[dodger777] 06/5/2022 07:43

Im tempted but could get a lot cheaper yet ..might dip my toe in for a starter lot 🤔

[lozzer69] 06/5/2022 07:25

Yes sounds like a very sensible plan. It has taken me a while to wake up to the new reality but I am getting there ......

[frederickbloggs] 06/5/2022 07:08

Give away prices here, sub 600p. What's not to like eh?

[jfinvestments] 05/5/2022 20:08

Very good advice! I couldn't agree more, I think there will be downside. Nasdaq sell off could cause a ripple tomorrow and the bank of England talking about recession adds to the likelihood of reduced growth in the near term. But yes, I'll be regularly topping up and if we see a 20 or 30 percent drop then I'm buying.

[1nf3rn0] 05/5/2022 19:48

This is one of a small number of trusts I'm drippig into during the course of this bear market. No rush to plow in big just yet, but a good time to start building a position. Could drop another 10% or 20% between now and the end of 2023. It should rise faster than most out the other side though so will pay to accumulate from here. Just make sure it's money you won't need urgently for at least a couple of years!

[lozzer69] 05/5/2022 15:38

Now more 40 pc below it's ATH. I know I will regret not topping up.

[jfinvestments] 05/5/2022 13:14

Discount to Nav seemed like a good price for adding today. Sub 620p. I will consider this as my one of my Uk growth holdings which I will continue to add to during the volatility. When at a discount, at around this price or lower is a good bargain for a quality trust.

[frederickbloggs] 08/3/2022 09:42

Had a nice little buy here around 626 yesterday. Very nice

[freddie101] 07/3/2022 10:17

You're not kidding! Surprised it's fallen so far.

[killing_time] 01/9/2021 18:40

We enter the FTSE 250 on the 20th September.

[ga_dti] 30/3/2021 06:55

Latest analyst interview with Marten & Co:

[lozzer69] 19/2/2021 09:06

THRG continues to be my best small company trust over last couple of years. The fact they have flexibility to short has helped during last year. I still think it's a good trust for long term.